The government introduced the new optional tax regime in the Union Budget in FY 2020-21 to offer benefits of lower tax rates to taxpayers who do not claim much deductions or exemptions. However, taxpayers who opt for the new tax regime have to forego all deductions and exemptions. Taxpayers can only avail of deductions under…
Contra Funds take a contrarian view on stocks and sectors that are temporarily going through a tough phase which impacts their performance and allows distortions in valuations. They usually aim to capitalise on these distortions and take contrarian bets to invest in sectors and stocks that are temporarily out of favour and available at a significant…
Finance Minister Nirmala Sitharaman today, February 01, 2023, presented the Union Budget 2023-24, the last full budget of the Modi 2.0 government before India sets off for the Lok Sabha election in May 2024. With national polls nearing, some market experts expected the Union Budget announcements to be populist ones aimed at converting votes. However, just like last…
The Adani Group owned by Asia’s richest man – Gautam Adani – is caught in the eye of a storm. US-based ‘Hindenburg Research’, a short-seller engaged in forensic financial research, has alleged the Adani Group companies of stock manipulation and accounting fraud. The firm has also accused Adani Group companies of improper extensive use of entities set up…
Multi Asset Allocation Funds provide the benefit of diversification by offering you an opportunity to get tactical allocation across multiple asset classes. As you may be aware, allocation of assets across classes viz. equity, debt, gold, and even holding optimal cash is an important strategy that helps you balance risk-reward by adjusting the proportion of each…
Large & Mid Cap Mutual Funds are mandated to invest a minimum of 35% of their assets each in equity and equity-related instruments of large-cap and mid-cap companies. When you invest in Large & Midcap Funds you get the opportunity to benefit from the stability of large-caps and the high growth potential of mid-caps through…
Large & Mid Cap Mutual Funds are equity-oriented mutual funds that offer you an opportunity to create wealth by investing in an optimum mix of large-cap and mid-cap stocks, i.e., the leaders of today as well as the future leaders. Thus, you benefit from the stability of large-caps and the high growth potential of mid-caps through a single…
Flexi Cap Mutual Funds are equity-oriented mutual funds that invest a minimum of 65% of their assets in equity and equity-oriented instruments of companies across the market cap range without any upper or lower limit. Depending on market conditions, liquidity conditions, and valuations, the fund manager of a Flexi-cap Fund can manoeuvre among large-caps, mid-caps, and small-cap stocks.…
An Equity Linked Savings Scheme (ELSS), also known as tax saving mutual fund, offers investors an opportunity to grow their wealth along with tax saving benefits under Section 80C. These funds invest in equities across market caps and come with a lock-in period of three years. When compared to other popular tax-saving instruments such as tax-saving…
The Association of Mutual Funds in India (AMFI) has floated proposals for the Union Budget FY 2023-24. In its elaborate budget wishlist, AMFI has proposed measures which would make the Indian mutual fund industry more investor friendly and take it to the next level of growth. Notably, many of these proposals have been part of the AMFI’s wishlist…
